Plan Snapshot
- Plan Sponsor: W.M. Schultz Construction, INC.
- Sponsor EIN: 141827521
- Sponsor Address: P.O. BOX 2620, BALLSTON SPA, NY, 12020
- Plan Type: 401(k)
- Total Participants: 63
- Total Assets: $9.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 63 | $9.2M | $620,316 | $280,475 |
| 2023 | 62 | $11.1M | $891,754 | $239,878 |
| 2022 | 60 | $10.3M | $981,821 | $233,456 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS, LLC | NONE | $45,884 | — | $45,884 |
| CHEMUNG CANAL TRUST COMPANY | NONE | $25,584 | — | $25,584 |
| BONADIO & CO, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GLOBAL RETIREMENT PARTNERS, LLC — NONE
- BONADIO & CO, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $71,468
- Estimated Expense Ratio: 0.780% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $73,719 | $45,884 | — | — | — |
| 2023 | $60,112 | $43,237 | $7,975 | — | — |
| 2022 | $66,444 | $43,349 | — | — | $23,095 |